On the OKX:GLMUSDT.P 15-minute chart, price has been trending down and then printed a clear liquidity sweep at the marked $$ level. That sweep took out the prior swing low and immediately reclaimed, which often signals trapped sellers and a potential short-term reversal.
My plan is to enter long at the $$ level (liquidity level) once price shows it can hold above that reclaimed level. The trade is invalid if price breaks the lower low — my stop is placed below the marked Invalidation line (below the lowest swing / lower low). Upside target is the next liquidity pool / mean reversion toward the larger grey target zone.
Trade Plan (as shown):
Entry: At $$ (liquidity sweep level) after reclaim / hold
Stop-loss: Below the lower low (the Invalidation line)
Target: Reversion upward toward the grey objective zone (first resistance area, then extension)
What I Expect Next:
Ideally, GLM holds above $$, forms a higher low, and pushes into the upper range. If we lose $$ and break below the invalidation low, the setup is invalid and I’m out.